How To Make Money: Building an Income Stream

How to make money: Everybody in life desires to get money, this desire may be in varying degrees, but one thing that is common among all men is that need for money. The reason for this does not need much explanation, for without money the most common of life’s needs cannot be met. So whether you are working for a company, pursuing your passion in music, starting a business or studying for a degree, the ultimate aim is to make enough money to sustain yourself and your loved ones.

How to make money

Because money is an essential commodity, everybody at some point in life will usually ponder on how to make money, even if money is being made, thoughts will still go into how you can make more money. In this article, we will be laying out the three most common routes to making money in a much clearer view.

1. Linear Income: The first way we will be looking at is through making a linear income. This is having a job, or working in a business setting that only brings money after you must have worked. In other words, you earn as you work. This is the most common route that many people take, but it is the most tedious and least productive of the three we will be discussing on how to make money. This is because, money makes you a slave, compelling you to work very hard in order to get paid in a proportion that is usually much less than the amount of work you put in. To avoid going poor, the person that chooses this route will have to work for all the days of his life, and hope to one day retire with a meagre pension.


2. Residual Income: Here, money is earned through a source that continuously generates you income, even when extra work is not done. In fact, you literally continue to earn even while you sleep. Fewer people choose this because of the initial effort that is needed to first set up a profitable system that will keep generating cash. But in the long run, this system becomes far more rewarding than working around the clock to earn some money. Those who choose this way of making money, become very successful business people.

3. Leverage Income: The third way on how to make money is leveraging your income. This way, you are multiplying the amount you earn through a system that engages others to earn for you while they also earn for themselves. Fewer people choose this route of making money because it requires even more effort to establish the initial system that then generates the earnings. But a leveraged income is the most efficient way of making money to work for you. The richest men in the world will always go for a system that ensures that their income is substantially leveraged.

To set off on any of the above mentioned path, you can choose to do one of the following; get a 9 – 5 job or establish a one-man business that will give you money only when you are working hard at the office, or you can choose to join a network marketing business to secure a source of making residual income, where a multi-level marketing system further provides you with a leveraged income. Of course many people will choose the much easier way of applying and getting a job that brings some money at the end of the month, than working to establish a system that will pay them continually, that is why there is a disproportionate number of rich and poor people, but there is always room at the top.

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Olabode Oruku is the chief executive officer of Oruku Consultancy Services. The company offers proven business idea, online and offline marketing consultancy services to small business owners.

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